What would you say to someone who was planning to buy a stock based on a tip from a misc.invest posting?
Based solely on a tip from misc.invest, I’d have to say the person is a lamb waiting to get fleeced. But I don’t want to be too harsh. In general, if all a person knows is the ticker symbol and a few words from a posting, I’d say that the person doesn’t belong in the stock market. However, it also depends on the tip. Some people push issues on the Vancouver exchange, where fraud is known to be rampant, share prices are in the pennies, etc. One recurring example, it’s like a nightmare, is Wye Resources, some goofy diamond company or something that a few people keep flogging. I think that you can pretty much forget those. Then there’s the tips about major issues that have been heavily sold and seem to be priced attractively. For example, Merck, IBM, and Sun Micro have all seen heavy discussion in the recent past, both from people who think they are attractive – or not. I especially enjoy reading analyses of these tips, if you want to call them that, because I think they provide useful in
